1,300 Shares in Cal-Maine Foods, Inc. (NASDAQ:CALM) Acquired by Fairscale Capital LLC

Fairscale Capital LLC purchased a new stake in shares of Cal-Maine Foods, Inc. (NASDAQ:CALM) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 1,300 shares of the basic materials company’s stock, valued at approximately $84,000.

Other hedge funds have also bought and sold shares of the company. Garner Asset Management Corp grew its holdings in shares of Cal-Maine Foods by 0.9% during the second quarter. Garner Asset Management Corp now owns 20,252 shares of the basic materials company’s stock valued at $1,238,000 after buying an additional 183 shares during the last quarter. Arizona State Retirement System raised its stake in shares of Cal-Maine Foods by 2.0% in the second quarter. Arizona State Retirement System now owns 11,765 shares of the basic materials company’s stock worth $719,000 after purchasing an additional 230 shares during the last quarter. AlphaMark Advisors LLC lifted its holdings in shares of Cal-Maine Foods by 4.7% during the second quarter. AlphaMark Advisors LLC now owns 5,554 shares of the basic materials company’s stock worth $339,000 after purchasing an additional 249 shares during the period. Quadrant Capital Group LLC boosted its position in Cal-Maine Foods by 37.6% in the fourth quarter. Quadrant Capital Group LLC now owns 941 shares of the basic materials company’s stock valued at $54,000 after buying an additional 257 shares during the last quarter. Finally, GAMMA Investing LLC increased its holdings in Cal-Maine Foods by 73.8% in the 2nd quarter. GAMMA Investing LLC now owns 676 shares of the basic materials company’s stock worth $41,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 84.67% of the company’s stock.

Insider Activity at Cal-Maine Foods

In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, August 20th. The shares were sold at an average price of $70.93, for a total value of $106,395.00. Following the completion of the transaction, the vice president now owns 16,754 shares in the company, valued at $1,188,361.22. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Cal-Maine Foods news, VP Robert L. Holladay, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $70.93, for a total value of $106,395.00. Following the sale, the vice president now directly owns 16,754 shares of the company’s stock, valued at $1,188,361.22. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Michael Todd Walters sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $70.20, for a total value of $210,600.00. Following the transaction, the chief operating officer now directly owns 5,310 shares of the company’s stock, valued at $372,762. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,000 shares of company stock worth $422,970. 13.51% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, The Goldman Sachs Group upped their price objective on shares of Cal-Maine Foods from $47.00 to $52.00 and gave the company a “sell” rating in a report on Wednesday, July 17th.

Cal-Maine Foods Stock Performance

NASDAQ CALM opened at $74.73 on Monday. The firm has a market capitalization of $3.66 billion, a P/E ratio of 13.25 and a beta of -0.10. The stock has a 50-day simple moving average of $69.81 and a two-hundred day simple moving average of $63.28. Cal-Maine Foods, Inc. has a fifty-two week low of $42.25 and a fifty-two week high of $75.12.

Cal-Maine Foods (NASDAQ:CALM) last announced its quarterly earnings results on Tuesday, July 23rd. The basic materials company reported $2.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.41 by ($0.09). The company had revenue of $640.80 million during the quarter, compared to analyst estimates of $652.32 million. Cal-Maine Foods had a net margin of 11.94% and a return on equity of 16.46%. The company’s revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.27 earnings per share.

Cal-Maine Foods Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Monday, August 5th were issued a dividend of $0.77 per share. This represents a $3.08 dividend on an annualized basis and a yield of 4.12%. The ex-dividend date of this dividend was Monday, August 5th. Cal-Maine Foods’s dividend payout ratio (DPR) is presently 54.61%.

Cal-Maine Foods Profile

Cal-Maine Foods, Inc, together with its subsidiaries, produces, grades, packages, markets, and distributes shell eggs. The company offers specialty shell eggs, such as nutritionally enhanced, cage free, organic, free-range, pasture-raised, and brown eggs under the Egg-Land's Best, Land O' Lakes, Farmhouse Eggs, Sunups, Sunny Meadow, and 4Grain brand names.